How do I know if I have a 1944 Steel Wheat Penny?

It’s really easy to tell if you have a 1944 steel penny or 1944 copper cent: If your 1944 penny sticks to a magnet, it’s a steel cent and is rare. If your 1944 penny does NOT stick to a magnet, it’s made from copper and is common.

Which steel penny is worth the most?

25 Most Valuable US Pennies

• 1.) 1944 Steel Wheat Penny – Worth $110,334.
• 2.) 1943 Copper Wheat Penny – Worth $85,782.
• 3.) 1856 Flying Eagle Penny – Worth $25,000.
• 4.) 1873 Indian Head Penny – Worth $10,000.
• 5.) 1858 Flying Eagle Penny – Worth $10,000.
• 6.) 1857 Flying Eagle Penny – Worth $7,000.
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How many 1944 steel pennies are accounted for?

It is curious that 1943 copper and 1944 steel cents are extremely valuable. At all three U.S. Mints then in operation, almost five hundred million steel cents were minted in 1943 and more than two billion copper Lincoln cents in 1944.

How much is a 1944 Lincoln penny worth?

However – Only 2 San Francisco-minted 1944-S Steel Cents are known to exist – making it rarest of the 1944 Steel Penny mints. USA Coin Book estimated value of 1944-S Lincoln Wheat Penny (Steel Cent Variety) is worth $365,803 in average condition and can be worth $678,803 to $1,016,871 or more in uncirculated (MS+) mint condition.

How much was a 1944 D steel cent sold for?

The coin was sold for $58,201.50 on January 4 to an online bidder. Prior to the sale of this coin, the most recent sales (both by Heritage) of 1944-D steel cents were earlier in 2011. In July an AU example garnered $23,000, and an AU-53 coin sold last January for $37,375.

What did the US Mint Make in 1944?

The US Mint was under contract to produce 2-Francs pieces for Belgium in that year, and the composition and weight of the planchets is indistinguishable from the 1943 “steelies.” If playback doesn’t begin shortly, try restarting your device.

Why was steel used to make pennies in 1943?

He brought the coin to two dealers, who found no reason to doubt it, and from there it went to Walter Breen, the most prominent authenticator of the time, who pronounced it genuine.” In 1943 steel was used to make pennies, instead of copper, because copper was needed for the U.S. war effort.